Robert Kiyosaki Urges Ditching US Dollar for Bitcoin — Warns Boomers' Retirements Going Broke as Paper Assets CrashRich Dad Poor Dad author Robert Kiyosaki has urged investors to ditch the U.S. dollar and buy bitcoin alongside gold and silver. He warned that “baby boomers’ retirements are going broke as paper assets crash.” The famous author stressed: “I do not trust anything that can be printed.”Robert Kiyosaki’s Latest Warnings and AdviceThe author of Rich Dad Poor Dad, Robert Kiyosaki, is back with more warnings about the risk of holding U.S. dollars, particularly for baby boomers as “paper assets crash.” Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki wrote on social media platform X Friday: “Boomers to go bust? Another giant bank in China went bust. Why? This time it’s commercial real estate, not residential going bust. FYI. China has the three biggest banks in the world.”
He cautioned: “The same is happening in U.S. as commercial real estate, specifically office buildings go bust.” He then explained how the commercial real estate market affects baby boomers, stating: “REITS: Real Estate Investment Trusts….a.k.a. Mutual fund ETFs [exchange-traded funds] for real estate. Boomer retirement plans are filled with these fake assets.” The renowned author cautioned:
Boomers retirements are going broke as paper assets crash. Regardless of your age it’s time to get out of fake assets, including fiat, dollars and buy real gold, silver, and real bitcoins. I do not trust anything that can be printed.
The Chinese property sector is experiencing a crisis that began with Evergrande Group’s default in 2021, leading to financial troubles for other major developers. A Hong Kong court ordered Evergrande’s liquidation in January. China’s minister of housing and urban-rural development stated earlier this month that insolvent companies should go bankrupt or be restructured according to the law and market principles.
Kiyosaki is a vocal critic of fiat currencies, calling them “fake money” and likening them to “giant Ponzi schemes.” In contrast, he views gold and silver as “God’s money” and sees bitcoin as “people’s money.” He recently stated that bitcoin is a “perfect asset at the right time.”
The acclaimed author predicts a BTC surge to $100,000 by September, fueled by the upcoming halving in April. He also believes that BTC is headed for $300K this year. Kiyosaki doubled down on his bitcoin optimism this month, urging investors to buy as much BTC as they can afford before the biggest bubble in history bursts, wiping out baby boomers’ retirement plans. He additionally warned of a deepening banking crisis, another war, and the dangers of central bank digital currencies (CBDCs) for individual privacy.
Source: https://news.bitcoin.com/robert-kiyosaki-urges-ditching-us-dollar-for-bitcoin-warns-boomers-retirements-going-broke-as-paper-assets-crash/
